JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today with potentiality to go up slightly later in the day on buying interest in selected stocks after Bank Indonesia cut 7-day repo rate to 4.75 percent on Thursday. The declines of shares in Wall Street overnight however may undermine shares trading.
On Thursday, the Jakarta Composite Index (JCI) ended lower 6 points or down 0.10 percent at 5,403.69 points with transaction value reaching Rp4.9 trillion. Basic-industry stocks index led the decline, while trade, consumer, infrastructure sectoral indices ended up in positive territory. As many as 124 stocks went up, 165 declined and 76 stocks were unchanged.
Bahana Securities expects the JCI to be mixed, moving within tight range of 5,400-5,450 points today. Stocks to watch, it said, are including BMRI, EXCL, MYRX, CTRA, and PTPP.
Asjaya Indosurya expects the JCI to move within support level of 5,361 and resistance level of 5,488. “There is still momentum for corrections in the short-term, however in the long-run, the JCI is still in the uptrend path, supported by capital inflow and trending down of 7-day repo rate,” it said.
As for today, there is a good chance for the JCI to end in positive territory, it noted.
Today’s menu :
- BBNI
- EXCL
- UNVR
- WTON
- INDF
- TLKM
- BBCA
- PGAS
- ADHI
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